STATISTICS: Uzbekistan, 3Q2017: The total paid claims volume doubled y-o-y; the two state-owned companies account for about 30% of the market
In the reporting period, the GWP on voluntary insurance increased by 32% and totaled UZS 455 billion, while the GWP on mandatory insurance went up by 8% to UZS 168 billion.
By insurance companies, top 5 insurers generated together about 52% of total GWP. The largest insurers as GWP volume were UZAGROSUGURTA (17.05% market share), and UZBEKINVEST (10.58%), followed by KAFOLAT (8.88%), GROSS Insurance (8.30%) and O'zbekinvest Hayot (7.18%).
Total claims paid for all types of insurance doubled, up by 109% and amounted to UZS 197 billion.
Access www.xprimm.com and download the 3Q2017 Uzbek insurance market statistics.